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S&P Credit Research6764 word report
published Jul 19, 2005
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S&P Credit Research
| Abstract: | The ranking for Washington Mutual Bank (WMB) for Primary Commercial Mortgage Servicing is raised to ABOVE AVERAGE from AVERAGE. The rankings for Master and Special Commercial Mortgage Servicing are affirmed at AVERAGE. The outlook is stable. The rankings are based on WMB's experienced management and staff, sound procedures, and good utilization of technology. The company's initial servicing focus was on consolidating all back-office processing centers from past bank acquisitions into one location to improve overall controls, reporting, and efficiencies. Some areas, such as customer service, that are based on direct personal contact ù a positive for client relations but a negative for efficiency ù could benefit from additional automation. Such items as borrower Web sites and automated voice response units
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| Brief Excerpt: | RESEARCH Ratings Definitions Servicer Evaluation: Washington Mutual Bank Publication date: 19-Jul-2005 Opinion The ranking for Washington Mutual Bank (WMB) for Primary Commercial Mortgage Servicing is raised to ABOVE AVERAGE from AVERAGE....
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| Report Type: | Full Report
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| Issuer: | Washington Mutual Bank
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| Sector: | Asset-Backed Commercial Paper, Asset-Backed Securities, Financial Institutions, Global Issuers, Public Finance, Residential MBS, Structured Finance
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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